Today, check out Nykaa IPO GMP, also known as IPO Grey Market Premium, Kostak rates, and Subject to Sauda prices. Nykaa IPO GMP began in the grey market and seemed to be robust and stable. The last news has been made, and we have witnessed Nykaa, aka FSN E-Commerce Ventures Limited’s strong IPO GMP. According to the RHP, Nykaa’s IPO will go public on October 28th.
Nykaa IPO GMP Today
The business plans to raise $532 million via an initial public offering (IPO), including a 630 million fresh issuance and an offer for sale of up to 41,972,660 equity shares. Nykaa IPO GMP Today, Live Price, Lot Size, Allotment Status will be discussed here.
Nykaa IPO Disclaimer: The mention of IPO Grey Market Premium (Nykaa IPO GMP) is only applicable for the date specified in the header. On the IPO Grey Market, we do not purchase or sell IPO forms. The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to someone else before the issue is allotted or listed.
Nykaa IPO Live Price
Do not subscribe to an IPO based only on the premium price since it may alter at any moment before the listing. Only evaluate the fundamentals of the company while subscribing.
Falguni Nayar founded FSN E-Commerce, the parent company of Nykaa, in 2012. It is one of the few profitable online beauty, personal care, and fashion product aggregators globally, offering a diverse range of products through its online and offline platforms.
Nykaa Details and Financial
While the majority of its revenue comes from online purchases and deliveries, it also has 80 storefronts in around 40 locations throughout the nation. Nykaa Fashion has 1,434 brands and 2.8 million stock-keeping units (SKUs) providing fashion goods for women, men, kids, and the home as of August 2021.
As economic activity restarted after the epidemic, the company’s income from operations has rebounded. In FY21, Nykaa had a net profit of over Rs 61 crore, up from a loss of over Rs 16 crore in FY20. It should be mentioned that income in FY21 increased by 38% year on year to Rs 2,453 crore.
Nykaa IPO Allotment Status
One of the most famous specialty beauty and personal care firms in India.
Nykaa’s platform is being used by significant businesses to sell their goods.
A profitable, capital-efficient company with high growth.
The superior technological platform of the company
A firm founded by a founder and managed by an experienced management team.
The Issue’s Goals:
420 million invested in various of its companies, especially FSN Brands and Nykaa Fashion, to support the opening of additional retail locations;
420 million for capital expenditures and investments in various of the company’s businesses, including Nykaa E-Retail, Nykaa Fashion, and FSN Brands, to support the establishment of new warehouses;
1,560 million to settle or refund outstanding borrowings taken out by the firm and one of its subsidiaries, Nykaa E-Retail;
2,340 million spent on acquiring and retaining consumers by increasing brand presence and awareness; and
For general business objectives.
Nykaa IPO Lot Size
The market lot size for the Nykaa IPO is 12 shares. An individual retail investor may apply for up to 14 lots (168 shares or $189,000) in a single transaction.
How can I apply for the Nykaa IPO using Zerodha?
Log in to the Zerodha Console through the website or the application. Go to Portfolio and choose IPO from the drop-down menu. The IPO is known as “Nykaa Finance.” Bid Button should be selected. Fill out your UPI ID, Quantity, and Price fields. Fill up and submit the IPO Application Form. To approve the mandate, go to your UPI App on Net Banking or BHIM App.
How can I apply for the Nykaa IPO GMP on Upstox?
With your credentials, log on to the Upstox Application. Choose an initial public offering (IPO). The IPO is known as “Nykaa Finance.” Bid Button should be selected. Check the status of your application. To approve The mandate, go to your UPI App on Net Banking or BHIM App. The blocked money, if any, will be unblocked/released on or before the UPI mandate expiration date if you have not been assigned or for any partial allocation of IPO shares. If monies are not unblocked/released after the mandate expires, don’t hesitate to contact your bank.
OBJECTIVES OF THE NYKAA INITIAL PUBLIC OFFERING
The revenues from the offering will be utilized to invest in the company’s fashion and other businesses. It also intends to invest in and open additional retail outlets. The funds will also be used for capital expenditures and investments in subsidiaries, according to the corporation.
The cash raised will be utilized to settle the debt owed to the firm and its subsidiary Nykaa E-Retail and increase brand recognition and exposure.